Unemployment

The decline in unemployment continued in October, with the jobless rate falling to 8.5 percent, the lowest level since November 2012.

The unemployment rate, which stood at 11.1 percent in October 2022, has been declining steadily since June this year.

The latest data released by Cyprus' District Labor Offices indicate a notable decline in registered unemployment rates for November, both on a monthly and on a yearly basis.

According to the Statistical Service of Cyprus (CyStat), comparing the current statistics to November 2022, there was a substantial decrease of 2,647 persons, or 17.3%, based on seasonally adjusted data.

The Labor and Social Security Ministry is planning a comprehensive set of measures and actions for the faster absorption of women in the labor market, Adonis Georgiadis said, speaking at the second International Forum on Women's Entrepreneurship on Saturday. 

Unemployment in Greece has finally dropped below 10% for the first time in 14 years. According to Hellenic Statistical Authority (ELSTAT) data, the seasonally adjusted unemployment rate in October 2023 reached 9.6%, compared to 11.8% in October 2022. The last time ELSTAT recorded a single-digit rate (9.9%) was in August 2009.

The Greek unemployment rate dropped to 9.6% of the workforce in October from 11.8% in October 2022 and a revised upwards 10.3% rate in September 2023, Hellenic Statistical Authority said on Thursday.

The European Commission's latest autumn economic forecast reveals Bulgaria's anticipated economic slowdown in 2023 and 2024, followed by a predicted rebound in 2025. Projections indicate a decrease in imports and exports alongside steady household consumption levels, set to rise gradually in the coming months of 2024.

The participation rate of the adult population (people aged 25 to 54) in educational activities in Greece was only 4% in 2022, below the EU-27 average (14%), according to data analyzed by the Funcas think tank.

Leaving a job is perfectly acceptable when a career choice doesn't fulfill the worker, especially when it's not their dream job.

Bulgaria's industrial landscape faced a substantial setback in September, witnessing a sharp decline both on a monthly and yearly scale, according to data from the National Statistical Institute. The year-on-year contraction reached a staggering 11.5%, surpassing the 2.7% dip compared to August.

In October 2023, the number of registered unemployed persons in Cyprus exhibited a significant decline, marking a 17.4% decrease on an annual basis, equivalent to 1,951 individuals, as reported by the country's statistical office (CyStat).